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+971528678740
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Not being a producer of oil, Ras al-Khaimah has focused
on developing its industrial sector. As of 1920, Ras al-Khaimah was mining iron ore. Ras al-Khaimah is becoming a new destination on tourist maps. Ras Al Khaimah is an emirate in the North, famous for beautiful landscapes, sand streets, forts, towers, old mosques, houses built from coral, palm trunks and mangroves. Opportunity for both residents and visitors and more new tourism projects are under construction.
An offshore company based in Ras al-Khaimah provides a solid asset protection, mainly for the ones with international business interests. RAK is considered to be one of the most viable options to start an offshore firm here since holding an asset such as intellectual property or real estate investments has reaped huge benefits for almost two decades. Post establishing itself as a tourism destination of UAE Ras al-Khaimah has established itself as a massive destination for investments in the Gulf region targeting sectors such as Heavy Industries and Manufacturing units. Curtailed Taxes – Main reason why companies venture in Ras al-Khaimah is the curtailed level of taxation. Having levied minimize fees for offshore companies and relieved corporate setup procedure. COMPANY INCORPORATION: THE PROCESS JAFZA RAKIA RAKFTZ Minimal Number of Directors 2 1 1 Corporate Shareholder Allowed Allowed Allowed Corporate Director(s) Not Allowed Allowed Allowed Nature of Shares Registered Registered Registered Minimum Capital (AED) 1,000.00/- 1,000.00/- 1,000.00/- Time Scales (upon receipt of full documentation) 4-5 days 2-3 days 2-3 days Legalization Process of POA & Corporate Documents Legalization & Super-legalization mandatory Apostle Sufficient Apostle Sufficient Shareholders physical presence Required Not Required Required Applicable law UAE UAE Any country can be opted for Own property in UAE Only purchase Dubai Holdings, Emaar, Nakheel and Dubai World properties NA NA
Ras al-Khaimah gives utmost importance to safeguard the legal share and benefits of the overseas investors and companies.
Upon agreement of our proposal/quotation, an engagement agreement will be executed between the two parties, and the documents supplied for the shareholder(s), director(s) and secretary(s) will be verified to prepare the documents. The documents will be signed in the presence of the registrar.
After company registration with the relevant jurisdiction, the shareholder(s) and Director(s) can then proceed to obtain a bank account internationally or locally.
The documents of corporate kit include:
1. Memorandum and Articles of Association [original]
2. Certificate of Incorporation
3. Company Stamp
4. Disbursements not including courier fee